Expansion of the VAT Refund Database

16:36, 11/07/2024

The General Department of Taxation issued Official Dispatch 3593/TCT-KK regarding the implementation and introduction of new contents of Circular 99/2016/TT-BTC (Circular 99) guiding the management of value-added tax (VAT) refunds.

Official Dispatch indicates that Circular 99 has expanded the VAT refund database system as follows:

"The value-added tax refund database is a data system containing information about taxpayers subject to VAT refunds, and is part of the general tax management database system of the tax sector."

Thus, in addition to the general tax management database system of the tax sector, there is also a dedicated database for VAT refunds.

Furthermore, the Official Dispatch specifies new points in Circular 99 compared to previous regulations regarding the determination of tax amounts, late payment interest, fines owed, to be offset with refundable VAT amounts.

More details can be found in Official Dispatch 3593/TCT-KK issued on August 11, 2016.

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